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Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Natural Gas Prices in a Hole During February Bidweek as Winter Ends Before It Begins

Over the weekend, the celebrated groundhog Punxsutawney Phil foreshadowed an early spring, but natural gas traders have spent the past month wondering when winter will start, much less when it will end.

February 3, 2020

Natural Gas Bidweek Prices Tumble as Record Warmth Set for January

With January projected to be one of the Top-10 warmest on record, the double-digit decreases inbidweekprices reflect just how much things can change in a year.NGI’sJanuaryBidweekNational Avg.dropped 26.0 cents to $2.565.

January 2, 2020

Winter’s Arrival Brings Substantial Gains for November Natural Gas Bidweek Prices

Mother Nature’s timing in unleashing frigid Arctic air on the United States resulted in some of the most extreme volatility the natural gas market has seen during bidweek in quite some time. The vast majority of markets posted hefty gains as frosty conditions and subzero temperatures spread across the country’s midsection, boosting NGI’s November Bidweek National Avg. to $2.375, up 37.0 cents month/month.

November 1, 2019
Mild October Forecast, Comfortable Storage Outlook Limit Upside for Natural Gas Bidweek Prices

Mild October Forecast, Comfortable Storage Outlook Limit Upside for Natural Gas Bidweek Prices

Leaving behind the summer-like temperatures that persisted for much of September, October natural gas bidweek traders contemplated the price impacts of a potentially mild start to the heating season and a more comfortable storage situation compared to a year ago.

October 1, 2019
Lingering Summer Heat Boosts September NatGas Bidweek Prices for Texas, Southeast

Lingering Summer Heat Boosts September NatGas Bidweek Prices for Texas, Southeast

Although the natural gas market is approaching the time of year when weather typically takes a back seat to other market drivers, expectations for more heat later this month drove up September bidweek prices in much of the country.

September 3, 2019
Natural Gas Bears on Front Foot in August Bidweek as Supply Overshadowing Demand

Natural Gas Bears on Front Foot in August Bidweek as Supply Overshadowing Demand

With summer heat failing to counterbalance continued supply growth, a bearish finish for the front month futures contract eroded natural gas prices across much of the Lower 48 during August bidweek; NGI’s August Bidweek National Avg. eased 4.0 cents to $1.940/MMBtu.

August 1, 2019
Projected Triple-Digit Storage Builds Send May NatGas Bidweek Prices Tumbling

Projected Triple-Digit Storage Builds Send May NatGas Bidweek Prices Tumbling

After natural gas futures prices in April plunged to their lowest level since 2016, and with a bearish weather outlook that is seen tightening storage deficits over the coming weeks, May bidweek prices fell in dramatic fashion.

May 1, 2019
Mild Temps, Supply Growth Seen Shrinking Storage Deficits as April NatGas Bidweek Traders Lock In Discounts

Mild Temps, Supply Growth Seen Shrinking Storage Deficits as April NatGas Bidweek Traders Lock In Discounts

With a repeat of the chilly April 2018 temperatures that extended the natural gas storage withdrawal season last year seemingly not in the cards, and with production growth threatening to quickly erase inventory deficits, April bidweek traders locked in natural gas discounts throughout the Lower 48.

April 1, 2019
In Like a Lion, Out Like a Lamb? March NatGas Bidweek Prices Mixed as Warm-Up Looms

In Like a Lion, Out Like a Lamb? March NatGas Bidweek Prices Mixed as Warm-Up Looms

Forecasts for record-level cold to start the month gave March natural gas bidweek traders something to ponder even as the inevitable warm-up — set against a generally bearish supply backdrop — weighed on market sentiment with the shoulder season fast approaching.

March 1, 2019
February Bidweek Dips as Bone-Rattling Polar Vortex No Match for Ample Natural Gas Inventory

February Bidweek Dips as Bone-Rattling Polar Vortex No Match for Ample Natural Gas Inventory

After a decidedly mild December and a tepid start to 2019, natural gas price bulls were hoping the return of polar vortex cold in the back half of January would help drive strong gains during February bidweek.

February 1, 2019